(Crazy) economy news

Skybird · 08-23-22, 02:29 PM

I said in the past that Austria will get problem with its eletric power made by river/water powerplants, due to the glaciers dying and thus less water, much less water, in spring.

But where Austria will be, China already seems to be. Due to rivers having dried out and not enough water to run water powerplants, in severla regions they now ration electricty again for factories and production.

And this causes additional interdiction of globla supply chains, rippling through the total global trade and production network.

And the Purchasing Managers' Index for the EU zone has dropped below 50, to 49.2, which means its now "inoffically official": the economy shrinks. Recession is a certainty now, can no longer be doubted, debated about, "prevented".

08-23-22, 02:29 PM	#11
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 41,245 Downloads: 9 Uploads: 0	I said in the past that Austria will get problem with its eletric power made by river/water powerplants, due to the glaciers dying and thus less water, much less water, in spring. But where Austria will be, China already seems to be. Due to rivers having dried out and not enough water to run water powerplants, in severla regions they now ration electricty again for factories and production. And this causes additional interdiction of globla supply chains, rippling through the total global trade and production network. And the Purchasing Managers' Index for the EU zone has dropped below 50, to 49.2, which means its now "inoffically official": the economy shrinks. Recession is a certainty now, can no longer be doubted, debated about, "prevented". __________________ If you feel nuts, consult an expert.